BitsCrunch, a blockchain analytics firm, has raised $3.6 million in funding
- ByStartupStory | February 25, 2022
The Chennai and Munich-based startup bitsCrunch is a Blockchain analytics firm that provides security services using Artificial Intelligence (AI) to safeguard the NFT Ecosystem that helps people to decide which NFTs to buy, and which not to buy. It was founded by Vijay Pravin Maharajan in 2021.
The company has raised $3.6 million in a private round from lead investor Animoca Brands including Crypto.com Capital, Coinbase Ventures and Polygon Studios. The round saw some other participation also from Morning Star Ventures, Mapleblock, Shima Capital, Borderless Capital, Bison Funds, GravityX, Thykeblock Ventures, and Spark Digital Capital.
The CEO Mr. Vijay said the investment will be utilized to expand the team in India and their key focus will be on securing many notable blockchains like Solana, Polkadot, Algorand and others. Last year in September, it raised $750k in its seed round from Covalent, Double Peak, GenBlock Capital, Ledger Prime, MEXC Global, and Synaps.
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